ROMAIN DAHLAN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ROMAIN DAHLAN
Largest movements
- Receivables within one year +€135,414
up €135,414 (+28.7%), from €471,438 to €606,853
of which Other amounts receivable: +€144,327
- Deferred charges and accrued income -€110,000
down €110,000 (-88.0%), from €125,000 to €15,000
- Cash -€34,515
down €34,515 (-97.4%), from €35,418 to €903
mainly Other debts (-€186,388) and Receivables within one year (-€135,414)
- Profit (loss) carried forward +€189,653
up €189,653 (+80.1%), from -€236,882 to -€47,229
- Other debts -€186,388
down €186,388 (-55.0%), from €338,983 to €152,595
- Financial income +€21,575
up €21,575 (+17.3%), from €125,000 to €146,575
- Gross operating margin -€20,780
down €20,780 (-7.6%), from €272,844 to €252,065
- Taxes +€13,381
new in 2025: €13,381
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,134,188 | €3,124,277 | -€9,911 | -0.3% |
| Fixed assets | 21/28 | €2,332 | €1,521 | -€810 | -34.8% |
| Tangible fixed assets | 22/27 | €2,332 | €1,521 | -€810 | -34.8% |
| Furniture and vehicles | 24 | €2,332 | €1,521 | -€810 | -34.8% |
| Current assets | 29/58 | €3,131,857 | €3,122,756 | -€9,101 | -0.3% |
| Amounts receivable after more than one year | 29 | €2,500,000 | €2,500,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,500,000 | €2,500,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €471,438 | €606,853 | +€135,414 | +28.7% |
| Trade receivables | 40 | €31,387 | €22,475 | -€8,912 | -28.4% |
| Other amounts receivable | 41 | €440,051 | €584,378 | +€144,327 | +32.8% |
| Cash at bank and in hand | 54/58 | €35,418 | €903 | -€34,515 | -97.4% |
| Deferred charges and accrued income | 490/1 | €125,000 | €15,000 | -€110,000 | -88.0% |
| Total equity and liabilities | 10/49 | €3,134,188 | €3,124,277 | -€9,911 | -0.3% |
| Equity | 10/15 | -€218,282 | -€28,629 | +€189,653 | +86.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€236,882 | -€47,229 | +€189,653 | +80.1% |
| Provisions and deferred taxes | 16 | €2,991,529 | €2,982,613 | -€8,916 | -0.3% |
| Provisions for liabilities and charges | 160/5 | €2,991,529 | €2,982,613 | -€8,916 | -0.3% |
| Other liabilities and charges | 164/5 | €2,991,529 | €2,982,613 | -€8,916 | -0.3% |
| Amounts payable | 17/49 | €360,942 | €170,293 | -€190,649 | -52.8% |
| Amounts payable within one year | 42/48 | €360,942 | €170,293 | -€190,649 | -52.8% |
| Taxes, remuneration and social security | 45 | €21,958 | €17,697 | -€4,261 | -19.4% |
| Taxes | 450/3 | - | €14,285 | +€14,285 | |
| Remuneration and social security | 454/9 | €21,958 | €3,413 | -€18,545 | -84.5% |
| Other amounts payable | 47/48 | €338,983 | €152,595 | -€186,388 | -55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100 | €810 | +€711 | +711% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€8,471 | -€8,916 | -€445 | -5.3% |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +158% |
| Gross operating margin | 9900 | €272,844 | €252,065 | -€20,780 | -7.6% |
| Operating profit (loss) | 9901 | €280,828 | €259,172 | -€21,656 | -7.7% |
| Financial income | 75/76B | €125,000 | €146,575 | +€21,575 | +17.3% |
| Recurring financial income | 75 | €125,000 | €146,575 | +€21,575 | +17.3% |
| Financial charges | 65/66B | €202,716 | €202,713 | -€3 | 0.0% |
| Recurring financial charges | 65 | €202,716 | €202,713 | -€3 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €203,112 | €203,034 | -€78 | 0.0% |
| Income taxes | 67/77 | - | €13,381 | +€13,381 | |
| Profit (loss) for the period | 9904 | €203,112 | €189,653 | -€13,459 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €203,112 | €189,653 | -€13,459 | -6.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.